Multiverse Raises $70M for European AI Upskilling Expansion

Multiverse, the UK-based edtech firm focused on professional development and apprenticeships, has successfully closed a $70 million funding round, propelling its valuation to $2.1 billion. This significant capital injection, led by new entrant Schroders Capital, underscores the growing demand for advanced skills training, particularly in the artificial intelligence domain. The company plans to leverage this investment to fuel its expansion across the European continent and solidify its position in the enterprise AI training market.

The funding round saw robust participation from existing backers, including prominent venture capital firms such as General Catalyst, Lightspeed, D1 Capital Partners, Index Ventures, Bond, and the StepStone group. This continued support from its investor base highlights confidence in Multiverse's strategic direction and its ability to navigate the evolving professional development sector. The new valuation represents a notable increase from its previous funding round in 2022, signaling strong market traction.

Founded in 2016 by Euan Blair, Multiverse has established itself as a key player in bridging the skills gap for technology-centric roles. While initially concentrating on the UK market, the company's strategic pivot towards AI training is timely, given the accelerating adoption of AI technologies by enterprises worldwide. The acquisition of Berlin-based AI training specialist StackFuel earlier this year was a clear indicator of this strategic intent, providing Multiverse with a solid foothold in the crucial German market.

Multiverse's mission centers on ensuring that the benefits of AI are accessible to the broader workforce, aiming to augment rather than displace human roles. The company has forged strategic alliances with leading AI and data companies, including Palantir and Databricks, to enhance its training offerings. Blair articulated the company's vision, stating, "There are companies who desperately need the benefits AI can bring. There are AI companies. What has been missing is the layer that bridges the two." This funding is expected to empower Multiverse to become the definitive provider of this crucial intermediary service across Europe.

The company's financial performance indicates a period of significant investment and growth. While reporting widening losses in the year ending 2025, Multiverse also achieved a significant operational milestone, reporting its first cash-positive quarter from January to March 2026. This financial resilience, coupled with strategic expansion and a focus on high-demand skills like AI, positions Multiverse for sustained growth. Furthermore, the company has implemented an employee equity program, offering all staff, irrespective of seniority, a stake in the company's future success.

This development arrives at a critical juncture for the European tech and education sectors. As businesses increasingly integrate AI into their operations, the demand for skilled professionals capable of developing, deploying, and managing these technologies is escalating. Multiverse's expansion into Europe addresses this pressing need, offering a scalable solution for upskilling and reskilling the workforce. The edtech sector, valued at over $100 billion globally and projected to grow substantially, is witnessing a surge in investment, particularly in areas that align with future workforce demands.